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Assignment
Your client, an online retailer, uses a fulfillment service to process many of its orders. Approximately 40% of the company's inventory is stored with the fulfillment service in another state that does not charge sales tax. You have a small, local CPA firm, and the client wants to minimize costs for the audit. The client has provided purchase orders for inventory sent to the fulfillment center and has records of products sold. How should you handle this situation to be comfortable that you have sufficient audit evidence of the inventory?
on january 1 2012 durdil co. borrowed and received 670000 from a major customer evidenced by a zero-interest-bearing
Actual activity for the period was higher than anticipated: 18,000 cakes and 15,200 hours. If each hour of process time actually cost Bunnie $12, what process-time variance would be disclosed on a performance report that incorporated static budget..
A sale person is paid a retainer of $150 per week plus commission of 3.5% on all sales. During a particular month, sales of $155,000 were made, how much did this salesperson earn for each month
Fair Value Hedge Sarazan Company issues a 4-year, 7.5% fixed-rate interest only, non-prepayable $1,000,000 note payable on December 31, 2010.
Net operating income for the company was $22,000 and traceable fixed expenses were $45,000. How much were Lyons Company's common fixed expenses?
Go the Hershey website to learn how to make Hershey chocolate. Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining.
Compute the percentage of the allowance for doubtful accounts to the gross hotel accounts and notes receivable for the end of the fiscal year.
Assume that at the high point month of producing the most of production during a five month time period 50,000 units were produced at a cost of 550,000 and the low point month producingthe least of production during a five monthtime period 20,000 ..
Lupe and Rodrigo, father and son, each own 50% of the stock outstanding of Heron Corporation (Eof $400,000). During the current year, Heron redeems all of Lupe's shares for $250,000. The transaction cannot qualify as a complete termination redempt..
1.dideda corporation uses an activity-based costing system with three activity cost pools. the company has provided the
BunaBuna has been growing at a 15 percent annual rate and is expected to continue to do so for 3 more years. At that time, growth is expected to slow to a constant 4 percent rate.
the following account appears in the ledger after only part of the postings have been completed for march work in
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